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.Estimate the price of a common stock with the following characteristics: a. Pays a regular annual dividend, b. Just paid a dividend of $1.21, c.
.Estimate the price of a common stock with the following characteristics: a. Pays a regular annual dividend, b. Just paid a dividend of $1.21, c. Dividendshavebeengrowingataconstantannualrateof4%whichisexpectedtocontinue, d. The appropriate risk-adjusted discount rate is 9.25%.
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